EUR/USD remains close to the key resistancearea between 1.3832 (25/10/2013 high, see alsothe long-term declining trendline) and 1.3893despite yesterday’s weakness. Hourly supportscan now be found at 1.3694 (28/02/2014 low) and1.3643.
In the longer term, we favour a broadhorizontal range between 1.3296 (07/11/2014low) and 1.3893 (27/12/2013 high). However,monitor the potential ascending triangleformation. Another strong resistance lies at1.4247 (27/10/2011 high).
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MIG Bank